Stablecoin supply has been growing in U.S. dollar terms, but the expansion doesn’t mean it’s taking over crypto market share; rather, it is mainly an indication of the increase in total digital asset market cap, JPMorgan (JPM) said in a research report on Wednesday.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...